Harbour Investments Inc. Buys 2,183 Shares of Exxon Mobil Co. (NYSE:XOM)

Harbour Investments Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,696 shares of the oil and gas company’s stock after purchasing an additional 2,183 shares during the quarter. Harbour Investments Inc.’s holdings in Exxon Mobil were worth $6,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vertex Planning Partners LLC grew its holdings in Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after acquiring an additional 83 shares during the last quarter. Longfellow Investment Management Co. LLC grew its holdings in Exxon Mobil by 0.6% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after acquiring an additional 88 shares during the last quarter. West Oak Capital LLC grew its holdings in Exxon Mobil by 0.6% during the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock worth $1,743,000 after acquiring an additional 92 shares during the last quarter. Beacon Capital Management LLC grew its holdings in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after acquiring an additional 93 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its holdings in Exxon Mobil by 0.3% during the 4th quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company’s stock worth $4,020,000 after acquiring an additional 94 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.98 on Friday. The firm has a market capitalization of $485.90 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The firm has a fifty day simple moving average of $109.34 and a two-hundred day simple moving average of $113.65. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business posted $2.48 earnings per share. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. HSBC dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.